WE’VE BEEN LISTENING

Over recent months, we have heard increasing questions from our insureds concerning coverage for medical directorships, as well as coverage for those providing consulting and administrative services for outside entities. Many physicians do not realize this work falls outside the coverage definition of most professional liability policies, and securing such coverage can be both cumbersome and expensive.

At PLICO, we’re excited to announce an exclusive solution for our policyholders.

FOR YOUR OWN CLINIC

For physicians who serve as a medical director for their own group or clinic, PLICO policies will be automatically endorsed with a $100,000 limit for medical director coverage.

FOR ENTITIES OUTSIDE OF YOUR OWN CLINIC

Many of our physicians serve as a medical director for outside entities, or they enter into contracts for consulting or administrative services. This work might include responsibilities related to independent medical examinations, credentialing, peer review, etc.

Often, coverage for such services is provided by these entities - but that’s not always the case. If you are a medical director or provide contracted consulting or administrative services with another organization, please check with their risk or insurance manager to see if they cover you for this exposure.

IF COVERAGE IS NOT PROVIDED…

Any PLICO physician performing contracted services can endorse the needed coverage on their policy for just $1,000 additional premium, with a limit of $100,000 for up to three entities.

For those physicians whose activities advocate higher limits, or if you have more than three medical directorships or contracted relationships, a stand-alone policy carrying $1,000,000 limits is available for only $2,500.